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In the latest session, Arena Group Holdings Inc (AMEX: AREN) closed at $0.57 down -5.00% from its previous closing price of $0.60. In other words, the price has decreased by -$5.00 from its previous closing price. On the day, 4.14 million shares were traded. AREN stock price reached its highest trading level at $0.6207 during the session, while it also had its lowest trading level at $0.57.
Ratios:
For a deeper understanding of Arena Group Holdings Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.13 and its Current Ratio is at 0.13.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 28 ’24 when Edmondson Paul Taylor sold 84,148 shares for $0.85 per share. The transaction valued at 71,526 led to the insider holds 8,334 shares of the business.
Simplify Inventions, LLC bought 5,555,555 shares of AREN for $11,999,999 on Feb 14 ’24. The 10% Owner now owns 16,067,791 shares after completing the transaction at $2.16 per share. On Dec 01 ’23, another insider, Sims Todd D., who serves as the Director of the company, sold 52,267 shares for $2.90 each. As a result, the insider received 151,574 and left with 743 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AREN now has a Market Capitalization of 16867212 and an Enterprise Value of 137409232. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09. Its current Enterprise Value per Revenue stands at 0.578 whereas that against EBITDA is -10.93.
Stock Price History:
Over the past 52 weeks, AREN has reached a high of $4.74, while it has fallen to a 52-week low of $0.58. The 50-Day Moving Average of the stock is -24.99%, while the 200-Day Moving Average is calculated to be -40.43%.
Shares Statistics:
For the past three months, AREN has traded an average of 13.61K shares per day and 653650 over the past ten days. A total of 23.84M shares are outstanding, with a floating share count of 9.19M. Insiders hold about 68.96% of the company’s shares, while institutions hold 6.25% stake in the company. Shares short for AREN as of 1730332800 were 258350 with a Short Ratio of 18.98, compared to 1727654400 on 277523. Therefore, it implies a Short% of Shares Outstanding of 258350 and a Short% of Float of 2.02.
